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Contactless Payment Revolution at Erste Bank und Sparkassen

2nd of June 2016

erste

Contactless Payment Revolution at Erste Bank und Sparkassen

  • Exclusive: ATM cash register payment with armband or sticker
  • First NFC-capable ATM in Vienna
  • Launch of BankCardMobil App

With immediate effect Erste Bank und Sparkassen are making contactless payments possible without a traditional ATM card or a smart phone. With the NFC armband developed by the Sparkassen Group or the NFC-capable sticker, it is possible to comfortably pay via a Maestro transaction directly from one’s bank account.

Contactless Payment Marches On

After initial skepticism, contactless payments via NFC technology have become widely accepted in Austria. As of the end of April 2016, customers of Erste Bank und Sparkassen alone have performed 7,7 m. contactless transactions totaling  EUR 164 m. “This means that our customers already perform every 4thATM payment transaction via NFC ”, says Thomas Schaufler, chief retail officer of Erste Bank. In Austria’s overall market, every 5th payment transaction is performed contactless. “In particular the number of transactions involving small amounts of less than 25 euro has tripled since January 2015”, Schaufler points out. All 2.1 million ATM cards issued by Erste Bank und Sparkassen are already NFC-capable. The technology is safe and is already in use in 65 countries worldwide.

Read the full press release here–>>

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